0001659166-18-000093.txt : 20180226
0001659166-18-000093.hdr.sgml : 20180226
20180226205806
ACCESSION NUMBER: 0001659166-18-000093
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180222
FILED AS OF DATE: 20180226
DATE AS OF CHANGE: 20180226
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ratnakar Raj
CENTRAL INDEX KEY: 0001670810
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37654
FILM NUMBER: 18642641
MAIL ADDRESS:
STREET 1: C/O FORTIVE CORPORATION
STREET 2: 6920 SEAWAY BOULEVARD
CITY: EVERETT
STATE: WA
ZIP: 98203
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Fortive Corp
CENTRAL INDEX KEY: 0001659166
STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 6920 SEAWAY BLVD.
CITY: EVERETT
STATE: WA
ZIP: 98203
BUSINESS PHONE: (425) 446-5000
MAIL ADDRESS:
STREET 1: 6920 SEAWAY BLVD.
CITY: EVERETT
STATE: WA
ZIP: 98203
FORMER COMPANY:
FORMER CONFORMED NAME: TGA Holding Corp.
DATE OF NAME CHANGE: 20151123
4
1
wf-form4_151969667238727.xml
FORM 4
X0306
4
2018-02-22
0
0001659166
Fortive Corp
FTV
0001670810
Ratnakar Raj
6920 SEAWAY BLVD
EVERETT
WA
98203
0
1
0
0
VP - Strategic Development
Common Stock
2018-02-22
4
A
0
4425
0
A
6003
D
Common Stock
2018-02-22
4
A
0
2015
A
8018
D
Common Stock
2018-02-23
4
M
0
2393
A
10411
D
Common Stock
2018-02-23
4
F
0
701
77.14
D
9710
D
Employee Stock Option (Right to Buy)
76.68
2018-02-22
4
A
0
12210
0
A
2028-02-22
Common Stock
12210.0
12210
D
Restricted Stock Unit
2018-02-23
4
M
0
2393
0
D
Common Stock
2393.0
7175
D
On February 23, 2017, the Compensation Committee (the "Committee") of the Issuer's Board of Directors awarded the Reporting Person Performance-Based Restricted Stock Awards ("RSAs"). This transaction is being reported in connection with the determination by the Committee on February 22, 2018 that the performance criteria of the RSAs have been achieved. The RSAs remain subject to time-based vesting provisions.
On February 22, 2018, the Committee awarded the Reporting Person Restricted Stock Units ("RSUs"). This transaction is being reported to identify the portion of the RSUs that are subject only to time-based vesting provisions. Pursuant to the terms of the award, additional RSUs may be issued upon determination by the Committee that the corresponding performance criteria have been achieved.
Restricted stock units are payable in shares of common stock on a one-to-one basis.
This transaction relates to the withholding of shares for tax purposes in connection with the vesting and distribution of restricted stock units.
One third of the options granted vest on each of the third, fourth, and fifth anniversary of the grant date.
In connection with the separation of the Issuer from Danaher Corporation ("Danaher"), Restricted Stock Units issued by Danaher on February 24, 2016 to the Reporting Person that remained unvested as of July 2, 2016 were converted into 11,961 Restricted Stock Units of the Issuer vesting in five equal annual installments beginning on February 24, 2017.
Daniel B. Kim, as attorney-in-fact
2018-02-26